The number of properties on the market in March in the Grande Prairie region is said to be among the lowest reported since 2007.
According to the latest report from the Alberta Real Estate Association, in March there were 278 properties on the market, which is a 30 per cent drop from the same month in 2023. The area’s sales-to-new-listings ratio was 59 percent with 109 properties sold and 185 new listings put up, which has played a part in pushing the average price to day up three per cent to $321,512.
The majority of properties sold across the region in the first quarter of 2024, were detached homes, with the average price being $361,513.